The amount of savings has a greater positive effect on preference for annuities only for those in the highest savings quintile. (Photo: AP)

Even though defined benefit plans have declined and interest in alternate annuity income options has risen, that doesn’t mean that Americans have flocked to buy their own annuities.

In fact, among those interested in annuities, purchasers tend to be at the high and low end of the asset spectrum, according to the Employee Benefit Research Institute.

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